think3D setting up world class 3D Printing facility at AMTZ, Vizag

think3D, India’s largest desktop 3D Printing platform will be setting up a state-of-art 3D Printing facility in Vizag entailing a total investment of $6.00 million. The additive manufacturing center will be built under an agreement between Andhra Pradesh Medtech Zone (AMTZ) and think3D. AMTZ is an SPV formed by Andhra Pradesh government to promote local medical device manufacturing industry thereby reducing import dependency.

think3D won this project through competitive bidding after going through rigorous technical  and financial evaluation. The facility will come up on an area of 20,000 sft and will offer prototyping and low volume manufacturing to medical device companies in AMTZ. Entire infrastructure would be taken care of by the government whereas sourcing of devices and upkeep of the facility would be the responsibility of the company.

Prudhvi Raj, co-founder think3D signing contract with AMTZ for the $6 million medical 3D printing facility.

In the first phase, various metal 3D Printers, industrial SLA machines, few SLS & FDM machines will be set-up in the facility. Various new machines will be added over time to make it a full fledged rapid prototyping set up.

Addressing a $5.5 billion market

The 3D printing facility is intended to address $5.5 billion Indian medical devices market, a figure that is expected to grow substantially in coming years. Currently approximately 75% of demand is met by imports. This means that the price of medical devices can fluctuate with currency movements, furthermore by importing the devices an opportunity to create jobs in the country is missed.

The global medical device market. Image via AMTZ

3D printing supports best-in-class manufacturing infrastructure

The $6 million facility is part of the central government’s “MAKE IN INDIA” project, a major national initiative designed to foster innovation and build a best-in-class manufacturing infrastructure.

The project provides an insight into the potential of 3D printing for Newly Industrialized Countries to leapfrog a development stage and move directly to advanced manufacturing. According to think3D,

“Medical device manufacturing requires huge up-front investment in R&D, machinery and QC facilities. Some of these facilities have very little utilization rate but are required as part of the manufacturing process. Taking this into consideration, the government has decided to set-up these common facilities in partnership with private entities and offer these facilities to manufacturers within park on pay per use basis thus reducing the upfront investment from manufacturer cost drastically. 3D Printing & 3D design facility is chosen as one such common facility.”

Come with an idea, leave with the finished prototype

The proposed facility will employ between 50 to 60 people at its full capacity. The facility will also incubate various new startups in 3D Printing space. A customer can come to the facility with an idea and leave with the finished prototype. In addition to 3D printing, the 20,000 sq ft space will include state of-art reverse engineering facility and an expert 3D design facility.

Sources:

http://economictimes.indiatimes.com/tech/hardware/think3d-to-open-facility-at-andhra-pradesh-medical-devices-park/articleshow/59272801.cms

Hyd-based Think3D to set up 3D printing facility at Andhra Pradesh Medtech Zone

 

2017-07-12T11:50:08+00:00 July 12th, 2017|3D Printing News|0 Comments

About the Author:

Raja Sekhar Upputuri
Co-founder at think3D. Passionate about entrepreneurship & 3D Printing.

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